SRI 0.00% 1.8¢ sipa resources limited

63 mts of 1.1% cu, page-55

  1. 2,435 Posts.
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    Just a footnote referring to Niji's post of the drill section that THD014 is currently drilling beneath:

    The vertical air core hole at the left hand end of that section is the one referred to in Sipa's latest release as a 'correction', stating that the: 'incl. 1m at 1.0% Cu' should in fact have read: "including 1m at 10.1% copper".

    That's nice patch of dirt! It's worth $800 a tonne in contained copper, or 16.0g/t gold equivalent. That is better than many of Sirius's highest value intersections.

    And yes it's only one metre (although the next hole along then has 11m at 7.6% Cu), but what it tells you is that the primary sulphide system, plus the supergene enrichment, has the ability to make very high grades of extremely profitable copper ore.

    So there is no longer anything hypothetical about the economic potential of the copper oxide blanket at Enigma. it is real. Very nice.




    (Don't act on anything I say though. I am not a financial adviser and this is not financial advice)
 
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